3 Stocks Under $10 Moving Higher

Agenus

Agenus (AGEN) is a biotechnology company focused on the development and commercialization of technologies to treat cancers and infectious diseases, based on immunological approaches. This stock is trading up 5.3% to $6.28 in recent trading.

Today's Range: $6.12-$6.60

52-Week Range: $1.92-$6.72

Volume: 583,000

Three-Month Average Volume: 220,406

From a technical perspective, AGEN is spiking higher on heavy volume, and its quickly approaching a major breakout trade. That breakout will hit once AGEN can manage to take out some past overhead resistance levels at $6.72 to $6.96 with volume.

Traders should now look for long-biased trades if AGEN can sustain a move and close above those levels on volume that's near or well above 220,406 shares. If we get that action soon, look for AGEN to make a run at its next major overhead resistance levels at $8.88 to $10.32 in the near future.

To see more stocks under-$10 that are making notable moves higher today, check out the Stocks Under-$10 Moving Higher portfolio on Stockpickr.

-- Written by Roberto Pedone in Winderemere, Fla.

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At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Windermere, Fla., is an independent trader who focuses on stocks, options, futures, commodities and currencies. He is also an outside contributor to Beconequity.com and maintains the website Maddmoney.net, which he sold to Blue Wave Advisors in 2008. Roberto studied International Business at The Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany.

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